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3 years ago

5

A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market pric

e of $5, what is its total profit

1 answer:

SSSSS [86.1K]3 years ago

8 0

Answer:

435

Explanation:

5(90)=450-15=435

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Making the choice to spend money on post secondary<br> education pays off in the long run because:

lawyer [7]

Well, if I were answering a question like this, I would say this:

In the long run, getting more education can get you more job choices, better income, and you are more likely to get hired and/or be promoted from your job. Pursuing post secondary education can help someone have better qualifications for jobs, for other schools and even in many other fields of work or business. For example, one who goes to primary medical school may have to work their way up with much more effort through their jobs while someone with secondary and post secondary education would have a research facility to themselves in nuch less time. Someone who gets their post-secondary education is more likely to have what they need for retirement as well as for their kids and their college savings.

Hope that helped, but try putting it in your own words! :D

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4 years ago

On feb. 2, 20-0, bought goods for cash N10,000.00

erik [133]

Answer:

I am unsure of what the question demands but in case it is a journal entry, it will be shown as:

Date Account Title Debit Credit

Feb, 2, 20-0 Inventory N10,000

Cash N10,000

Cash will be credited because assets are credited when they decrease and Inventory will be debited because assets are debited when they increase.

5 0

3 years ago

Activists believe that ________. it takes a very long time to reach the long run frictions to the self-correcting mechanism of m

dimulka [17.4K]

Answer: All of the above

Explanation:

The Long run is a period of time where all the factors of production of a firm are variable. For example, a firm can establish a bigger factory. It takes a longer period of time than the short run.

John Maynard Keynes also believed that in the long run, we are all dead. Also, an economy will self-correct because shocks matter in the short run and not the long run. The self-correction mechanism talks about price adjustment. When there is a shock, prices will adjust and the economy will be brought back to the long-run equilibrium.

5 0

4 years ago

Read 2 more answers

3. If the government imposes a tax on the production of a good or service, what will happen to the equilibrium price

insens350 [35]

Answer:

The correct answer to the following question will be Option C.

Explanation:

Equilibrium price will rise while volume will indeed fall if analysts or economists find a commodity to be "natural", a rise in disposable income would result in something like a decline in demand and sale for the product.
Like the demand for a strong increase, the quantity began demanding for the provided product should then be that according to the quantity needed.

Other available scenarios have no connection with the particular circumstance. So choice C seems to be the perfect solution to that.

8 0

3 years ago

On November 2, 2020, Ellie purchased and placed in service a building that cost $5,600,000. An appraisal determined that 15% of

tia_tia [17]

Answer:

Ellie

A. The property is classified for 27.5-year MACRS since more than 80% of the gross rental income emanates from residential dwellings.

B. The life of the asset for this type of MACRS is 27.5 years.

C. Ellie's cost recovery for 2020/2018 is $28,848.

Explanation:

a) Data and Calculations:

Cost of building and land = $5,600,000

Appraised cost of land = $840,000 ($5,600,000 * 15%)

Appraised cost of building = $4,760,000 ( ($5,600,000 * 85%)

Rent from the bottom floor leased to a retail business = $80,000

Rent from the other floors as rental apartments = $350,000

Total value of rental income = $430,000

Retail business % of rental income = 19%

Residential apartments % of rental income = 81%

Cost recovery = $173,091 ($4,760,000/27.5) per annum

For 2 months, the cost recovery = $28,848 ($173,091 * 2/12)

8 0

3 years ago